EFFICIENCY OF EUROPEAN UNION EMISSIONS TRADING SYSTEM IN REDUCING THE GREENHOUSE GAS EMISSIONS
DOI:
https://doi.org/10.18778/0208-6018.313.03Keywords:
greenhouse gases, CO2 emissions, emission allowances, emissions trading, EU ETS.Abstract
The Emissions Trading System (ETS) has been functioning in the European Union since 2005. It is aimed at reducing the greenhouse gas emissions produced within the EU in a cost-effective and economically efficient manner. The essence of this mechanism is to limit the Skuteczność systemu handlu emisjami Unii Europejskiej… 47 total number of air pollutants produced by Member States by issuing allowances which can be freely traded by the system participants. The question that motivates this paper is whether the EU ETS was efficient enough in reducing the greenhouse gas emissions during the period of 2005–2012 and what are the prospects for the future. The first part of the article introduce the basic principles of the EU Emissions Trading System. Then the statistical data analysis provides an overview of how the EU ETS performed as a market mechanism during the 2005–2012 period and what were the changes in greenhouse gas emissions in the same time. It gives the reader a picture of how effective the system was and what to expect in the following years.Downloads
References
Abrell J., Ndoye Faye A., Zachmann G. (2011), Assessing the Impact of the EU ETS Using Firm Level Data, Brueger Working Paper, 2011/08.
Google Scholar
Anderson B., Di Maria C. (2011), Abatement and Allocation in the Pilot Phase of the EU ETS, “Environmental and Resource Economics”, vol. 48, issue I, p. 83-103.
Google Scholar
Baran J., Janik A., Ryszko A. (2011), Handel emisjami w teorii i praktyce, CeDeWu, Warszawa.
Google Scholar
Cambridge Econometrics (2009), An Impact Assessment of the Current Economic Downturn on UK CO2 Emissions, A final report for the Committee on Climate Change, Cambridge.
Google Scholar
Declercq B., Delarue E., D’haeseleer W. (2010), Impact Of The Economic Recession On The European Power Sector’s CO2 Emissions, TME Working Paper - Energy and Environment, Leuven.
Google Scholar
Dyduch J. (2013), Handel uprawnieniami do emisji zanieczyszczeń powietrza, Polskie Wydawnictwo Ekonomiczne, Warszawa.
Google Scholar
Dyrektywa 2003/87/WE Parlamentu Europejskiego i Rady z dnia 13 października 2003 r. ustanawiająca system handlu przydziałami emisji gazów cieplarnianych we Wspólnocie oraz zmieniająca dyrektywę Rady 96/61/WE, Dz. Urz. UE L 275 z 25.10.2003.
Google Scholar
Dyrektywa 2009/29/WE Parlamentu Europejskiego i Rady z dnia 23 kwietnia 2009 r. zmieniająca dyrektywę 2003/87/WE w celu usprawnienia i rozszerzenia wspólnotowego systemu handlu uprawnieniami do emisji gazów cieplarnianych, Dz. Urz. UE L 140 z 5.6.2009.
Google Scholar
Egenhofer C., Alessi M., Georgiev A., Fujiwara N. (2011), The EU Emissions Trading System and Climate Policy towards 2050 Real incentives to reduce emissions and drive innovation?, Centre for European Policy Studies, Brussels.
Google Scholar
Ellerman A. D., Buchner B. K. (2007), Over-Allocation or Abatement? A Preliminary Analysis of the EU ETS Based on the 2005-2006 Emissions Data, Regulatory Policy Working Paper, Cambridge.
Google Scholar
European Environment Agency, EU Emissions Trading System (ETS) data viewer, http://www.eea.europa.eu/data-and-maps/data/data-viewers/emissions-trading-viewer [data dostępu: 25.09.2014].
Google Scholar
Graczyk A., Graczyk A. M. (2011), Wprowadzenie mechanizmów rynkowych w ochronie środowiska, Polskie Wydawnictwo Ekonomiczne, Warszawa.
Google Scholar
McIlveen R., Helm D. (2010), Greener, Cheaper, Policy Exchange, London.
Google Scholar
United Nations Framework Convention on Climate Change (2013), Status of Ratification of the Kyoto Protocol, http://unfccc.int/kyoto_protocol/status_of _ratification/items/2613.php [data dostępu: 22.09.2014].
Google Scholar
Urząd Oficjalnych Publikacji Wspólnot Europejskich (2009), Działania UE przeciw zmianom klimatu, Europejski System Handlu Emisjami (ETS), Luksemburg.
Google Scholar